Report Code : BII 935 Jan-2022 Information & Technology Format : PDF Pages : 218
As a result of expanding security concerns in 5G networks, more ransomware attacks on IoT devices, increased attacks on vital infrastructure, and greater IoT connections, the 5G security sector is gaining traction, paving the road for mMTC with higher security needs. The use of 5G security architecture reduces data breaches and cyber-attacks. Rogue networks connected to networks by unauthorized network devices can cause this attack, and inadequate data encryption can disclose sensitive data. The risk of cyber-attacks rises in tandem with the rise in internet usage. The implementation of 5G network infrastructure can reduce the likelihood of a cyber-attack. 5G technology enhances security by introducing user authentication, improved user privacy, and strong network authorization. With the support of 5G security, we can encrypt data, ensure its integrity, and verify it during the data transfer process.
5G technology is employed in a variety of industries, including automobiles, medical, and IoT devices. As the demand for 5G technology grows, so does the requirement for 5G security. This is one of the market's driving forces. As the number of cyber threats grows, so does the need for security at numerous levels, such as in devices, cloud RAN infrastructure, and air interface equipment, driving the market. High security is required for new applications and services that employ 5G technology. As more businesses begin to use cloud-based solutions, the demand for the security of these services and solutions grows, driving the market. One of the prospects for the 5G security industry is increased demand for private 5G network technologies across commercial sectors, governments, and organizations. 5G enables a plethora of upgraded and new applications and services that require excellent security. This, in turn, is likely to fuel the global expansion of the 5G security industry. The growing importance of efficiently adhering to demanding regulatory compliances is expected to drive the worldwide 5G security market in the coming years.
According to Business Intelligence Insights “5G Security Market is expected to grow from USD 583.8 million in 2021 to USD 9,705.4 million by 2030, at a CAGR of 42.1% during the forecast period 2022-2030.
The developing COVID-19 crisis has had a huge impact on the global 5G Security sector. When the COVID-19 epidemic enveloped the world, posing significant challenges for healthcare systems and countries worldwide, the necessity for connectivity shifted abruptly. The response to COVID-19 had a significant impact on networking patterns, the use of mobile technology cases, and the potential for 5G rollout and implementation. Several governmental and non-governmental organizations have allowed their staff to work from home, creating a constructive ability to consistently monitor network security as employees are linked remotely. People have stayed at home and secluded themselves to avoid getting and spreading the virus, and there has been an increasing reliance on virtual networking, resulting in a rapid increase in remote jobs and people doing their normal Internet transactions. Businesses are increasingly implementing 5G security technology to address security issues in today's home-based environment.
By Components:
Solutions category dominated the market and is expected to grow at a CAGR of 25.8 percent over the forecast period.
The solutions include all of the tools needed to ensure safety. Some of the techniques used to provide 5G security include next-generation firewalls, data loss prevention, antivirus/antimalware, DDoS protection, security gateways, and sandboxing. Next-generation firewalls are an effective way to provide a series of levels before approaching the mainframe. Companies such as Avangrid, Flexential, Avantor Inc., Worldpac, and PAE deploy next-generation firewalls to provide excellent 5G security. Data Loss Prevention allows users to control who has access to and shares their information. DLP tools aid in the planning of Data Loss Prevention approaches by providing pre-defined approach controls to track the development of information. It also prevents unauthorized information sharing, movement, and leakage.
By Architecture:
5G NR Non-standalone category dominated the market and is expected to grow at a CAGR of 24.9 percent over the forecast period.
The first 5G network deployments are non-standalone setups that focus on increasing internet capacity and reliability. They are consistent with the 3GPP decision to include an early 5G network and device rollouts in NSA operations, implying that the 5G network will be supported by the present 4G architecture. As a result, specialized firms that want to be the first to supply 5G speeds will begin with NSA and, if 5G inclusion is established, will conduct independent 5G testing. Because of the aforementioned factors, 5G non-standalone is less expensive than 5G standalone. Because of the cost-effectiveness of 5G non-standalone architecture, businesses are eager to invest in 5G security.
By Components
By Network Component Security
By Architecture
By End-user
By Deployment Type
By Vertical
By Region
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North America dominated the market and is estimated to increase at a rate of 40.6 percent per year during the forecast period.
North America is predicted to be the dominant region in terms of the increasing demand for 5G security for the deployment of 5G networks. The North American market is divided into three parts: the United States, Canada, and Mexico. During the forecast period, the United States is likely to lead the country-level market, while Canada is expected to be the fastest-growing sector. North America has a substantial share of the 5G security industry. North America has made significant breakthroughs in 5G technology, and certain security measures have been put in place to avoid leaks. North America is a market leader in the distribution of 5G spectrum, including high and low-band.
Report Attributes |
Details |
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Market Size Value in 2021 | USD 583.8 million |
Market Size Value in 2030 | USD 9,705.4 million |
Growth Rate | 42.1% |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Forecast Units | (USD Million) |
Countries Covered | North America: U.S and Canada Europe: Germany, France, Italy, U.K, Spain, Russia, Rest of Europe APAC: China, Japan, South Korea, India, Australia, South East Asia, Rest of Asia Pacific Latin America: Brazil, Mexico Middle East And Africa: Saudi Arab, South Africa, UAE |
Segments Covered | By Components, By Network Component Security, By Architecture, By Deployment Type, By Vertical and By Region |
Competitive landscape | Leading companies, Competitive strategies and Consumer engagement scope |
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